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Stock Market & Financial Investment News

News Breaks
July 22, 2014
16:05 EDTCCOClear Channel Outdoor declares special cash dividend of 49c
On July 21, in accordance with the terms of its charter, the board of Clear Channel Outdoor Holdings, or CCOH, provided notice of its intent to make a demand for repayment on August 11 of $175M outstanding under the Due from Clear Channel Communications, or CCU, Note and declared a special cash dividend payable in cash on August 11 to CCOH’s Class A and Class B stockholders of record at the closing of business on August 4, in an aggregate amount equal to $175M, or approximately 49c per share. As the indirect parent of CCOH, CCU will be entitled to approximately 88% of the proceeds from the dividend through its wholly owned subsidiaries. The remaining approximately 12% of the proceeds from the dividend, or approximately $21M, will be paid to the public stockholders of CCOH.
News For CCO From The Last 14 Days
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February 19, 2015
07:05 EDTCCOClear Channel Outdoor reports Q4 OIBDAN up 8%
Reports Q3 revenue $802M, consensus $803.47M. After adjusting for the movements in foreign exchange, the company’s OIBDAN was up 8% compared to the same period in 2013. On a reported basis, OIBDAN was up 5% to $234M for Q4 compared to the same period in 2013. The company’s consolidated net income totaled $43M in Q4 compared to $13M in the same period of 2013.

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